National Commercial Real Estate News From CoStar Group
Neighbors to the North Emerge As Largest Foreign Investor In U.S. Real Estate
As a handful of major deals this month attest, Canada continues to be the most dominant foreign investor in U.S. assets, with a total investment more than triple that of its nearest competitor country, according to Jones Lang LaSalle.
"Canada emerged from the recession in better financial shape due to its banks issuing recourse loans and suffering fewer hits during the mortgage meltdown versus other countries. These deeper pockets allowed Canadians...
China's Largest Property Developer Expands to U.S.
China Vanke Co., Ltd. the largest residential property developer in the People’s Republic of China, has signed a joint venture with Tishman Speyer to develop a high-rise condominium at 201 Folsom St. in San Francisco.
The planned development to be managed by Tishman Speyer is the first North American investment for Shenzhen-based China Vanke, which has developed residences for over 400,000 households in China and provided property management services...